Gay and Lesbian Community Center of Southern Nevada Inc

Analysis

Gay and Lesbian Community Center of Southern Nevada Inc is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gay and Lesbian Community Center of Southern Nevada Inc reported income of $14.6m and spending of $10.9m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $14.6m (+927%), an average of +79% a year. The sharpest change came in the year to December 2021, when income rose by 124%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gay and Lesbian Community Center of Southern Nevada Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NV. Charities of a similar size with the same main cause include Mid-Island Y Jewish Community Center Inc ($14.6m), Centennial Housing & Community Services Corporation ($14.6m) and Blue Water Development Housing Inc ($14.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $419k (3.8% of expenses). Other salaries and wages came to $1.7m. It paid $138k in professional fundraising fees. At year end it held assets of $11.4m against liabilities of $2.7m, net assets of $8.7m. It reported 50 employees.